Kyrgyzstan says to settle environment lawsuits with Centerra

Reuters Staff

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BISHKEK, Sept 6 (Reuters) - Centerra Gold Inc and the government of Kyrgyzstan have agreed to settle mutual lawsuits over environmental matters related to the Canadian company’s Kumtor gold mine, the Central Asian state said in a statement on Tuesday.

Under the agreement, Toronto-based Centerra will contribute $50 million to an environmental fund and increase a so-called ‘environmental payout’ to $3 million annually, from $310,000, said the statement published on the government’s website. (Reporting by Olga Dzyubenko; Writing by Olzhas Auyezov; Editing by Andrey Ostroukh)